Describe some of the opportunity costs when you decide to do the following. a. Attend college instead of taking a job b. Watch a movie instead of studying for an exam c. Ride the bus instead of driving your car

The opportunity cost of attending college instead of taking a job mainly refers to the income and work experience that could be earned if the individual chose to work instead. The forgone income from the job could be used to cover living expenses, save for future needs, or invest in other opportunities. The work experience gained during that time could potentially lead to advancements in a chosen career path.

The opportunity cost of watching a movie instead of studying for an exam is the knowledge and potential improvement in academic performance that could be achieved by dedicating that time to studying. A better exam result could lead to higher overall grades, increasing the chances of academic success, scholarships, or competitive job opportunities. Additionally, the decision to watch a movie over studying could lead to increased stress when exams are approaching, as there is less time to adequately prepare.

The opportunity cost of riding the bus instead of driving your car includes factors such as time, convenience, and personal independence. Driving a car generally allows for more flexibility in terms of scheduling, route selection, and the ability to complete errands or attend events on your own schedule. The time spent waiting for the bus and potential delays could be used more productively when driving your car. Additionally, the level of comfort and personal space within a personal vehicle is typically higher compared to public transportation. However, it's important to consider that riding the bus can also bring benefits like reduced car-related expenses and more time to relax, read, or use the time in other ways while commuting.